Invest In EU News

  • JESSICA helps to revitalise cities in Poland’s Silesia Region

    Today, the European Investment Bank (EIB), in its capacity as the Manager of the JESSICA Holding Fund Silesia, has concluded an agreement establishing an Urban Development Fund (UDF) with Bank Ochrony Środowiska (BOŚ).

    Silesia is the fourth Polish Region, after Wielkopolska, Westpomerania and Pomerania where a JESSICA UDF has been created. The UDF managed by BOŚ will invest approximately PLN 243 million (some EUR 55 million) in the next three years into urban projects located in degraded city areas of the Region.

  • House construction and property market remain lively in Finland

    New house construction is continuing at a record pace in the cities of Jyväskylä, Kuopio and Seinäjoki.

    The international financial crisis does not seem to have affected the confidence of house constructors or consumers in Finland, according to a market survey commissioned by Rakennuslehti, a major weekly magazine covering the field of construction, real estate and building services in Finland. New housing development in Finland has continued at a high level in May – September this year.

  • European Commission seeks criminal sanctions for insider dealing and market manipulation to improve deterrence and market integrity

    Brussels, 20 October 2011 – Investors who trade on insider information and manipulate markets by spreading false or misleading information can currently avoid sanctions by taking advantage of differences in law between the 27 EU Member States. Some countries’ authorities lack effective sanctioning powers while in others criminal sanctions are not available for certain insider dealing and market manipulation offences. Effective sanctions can have a strong deterrent effect and reinforce the integrity of the EU’s financial markets.

  • Finnish service industries enjoyed good turnover growth in May to July

    Administrative and support service activities had 12% increase in turnover from one year ago.

    The turnover in Finnish service industries grew by 7.9% in May to July from the corresponding time period one year ago, according to Statistics Finland. One year previously, the turnover in Finnish service industries increased by 6.5 per cent.

  • Denmark the easiest place to do business in Europe 2011

    The World Bank ranks Denmark as the easiest place in Europe to do business in 2011. Denmark ranks number five in the world among 183 countries.

    Companies looking for a smooth way to set up their new business should choose Denmark as their destination. 

    The World Bank ranks Denmark as the easiest place in Europe to do business in their newly released ‘Doing Business 2012’ index, which is the ninth in a series of annual reports benchmarking the regulations that enhance business activities and those that constrain it.

  • New rules for more efficient, resilient and transparent financial markets in Europe

    Brussels, 20 October 2011 - In recent years, financial markets have changed enormously. New trading venues and products have come onto the scene and technological developments such as high frequency trading have altered the landscape. Drawing lessons from the 2008 financial crisis, the G20 agreed at the 2009 Pittsburgh summit on the need to improve the transparency and oversight of less regulated markets – including derivatives markets - and to address the issue of excessive price volatility in commodity derivatives markets.

  • Finland to increase construction of timber-frame apartment buildings

    Timber-frame apartments could make up 20% of new apartment building construction by the year 2020.

    Finland’s new fire regulations that came into effect in Spring 2011 make it possible to construct wood apartment buildings that are 3-8 stories high, provided they have automatic sprinkler equipment installed. This change is a significant boost to the construction of timber-frame apartment buildings in Finland, according to Mikko Viljakainen, director of wood construction at Finnish Forest Industries.

  • Connecting Europe Facility: Commission adopts plan for €50 billion boost to European networks

    Brussels, 19 October 2011 - The European Commission has today tabled a plan which will fund €50 billion worth of investment to improve Europe's transport, energy and digital networks. Targeted investments in key infrastructures will help to create jobs and boost Europe's competitiveness at a time when Europe needs this most. The "Connecting Europe Facility" will finance projects which fill the missing links in Europe's energy, transport and digital backbone.

  • State aid: Commission clears French support scheme for ultra fast broadband networks

    Brussels, 19 October 2011 - The European Commission has approved under EU state aid rules around €750 million of support for the deployment of very high speed broadband networks in France. Consumers and businesses will benefit from speeds of 100 megabits per second for the use of enhanced internet services such as e-health, e-government, 3 D television, teleworking possibilities, e-learning and more. The scheme will further bridge the digital divide between rural and urban areas.

  • Mergers: Commission approves acquisition of German genset manufacturer MWM by Caterpillar

    Brussels, 19 October 2011 - The European Commission has cleared under the EU Merger Regulation Caterpillar's proposed acquisition of MWM, a German maker of reciprocating engine generator sets, or gensets, used for decentralised electricity production. Although Caterpillar of the US is active in the same field and the combined entity will be a formidable force to reckon with the in-depth investigation showed that it would continue to face competition from a number of companies in Europe and worldwide.

  • Mergers: Commission clears proposed acquisition of Samsung's hard disk drive business by Seagate Technology

    Brussels, 19 October 2011 - The European Commission has approved under the EU Merger Regulation, following an in-depth investigation, the acquisition of the hard disk drive (HDD) business of Samsung Electronics of Korea by Seagate Technology of the US. HDDs are data storage devices used in computers, laptops or camcorders. Although the merger will further consolidate markets that are already highly concentrated, the Commission concluded that the transaction would not significantly impede effective competition in EEA or any substantial part of it.

  • Antitrust: Commission fines producers of CRT glass € 128 million in fourth cartel settlement

    Brussels, 19 October 2011 - The European Commission has settled a cartel investigation with four producers of cathode ray tubes (CRT) glass used in televisions and computer screens. Japanese firms Asahi Glass (AGC) and Nippon Electric Glass (NEG) and Germany's Schott AG were fined a total of € 128 736 000 for operating a cartel that ultimately affected consumers in Europe. In doing so they breached Article 101 of the Treaty on the Functioning of the EU and Article 53 of the EEA agreement.

  • Ikea’s sales increases by 19% in Finland

    A total of 6.5 million customers visited Ikea stores in Finland in the past year.

    Finland is one of the fastest growing markets globally for the Swedish furniture retailer Ikea. Ikea’s sales in Finland increased by 19% during its financial year ending in August 2011, reaching a total of EUR 250 million. The number of customer visits also grew at the same high pace to a total of 6.5 million customers.

  • R&D Scoreboard: top EU firms increase investment in innovation, but lag behind global competitors

    Brussels, 18 October 2011 – The European Commission's 2011 "EU Industrial R&D Investment Scoreboard" shows that R&D investment by top EU companies recovered strongly in 2010, with a 6.1% rise following a 2.6% decrease in 2009. However, data for the world's top 1400 companies show EU companies as a whole lagging behind major competitors from the US and some Asian economies on R&D growth. There was a general positive trend in 2010, as global R&D investment increased by 4%, a robust up-turn after the 1.9% drop observed in 2009.

  • Finland and USA strengthen cooperation in wireless communication

    New virtual institute aims to solve mobile data transmission problems and to develop competence and innovations.

    Tekes, the Finnish Funding Agency for Technology and Innovation, the Academy of Finland and the USA's National Science Foundation have agreed on the foundation of a virtual institute aimed at solving mobile data transmission problems and developing competence and innovations.

  • New biobank law proposed in Finland

    New law aims to promote research with human samples in Finland, while protecting the rights of individuals.

    The government of Finland is proposing to introduce a new law on biobanks with the objective of promoting human sample research while securing the rights of individuals. The law is currently being presented to the Finnish parliament and, if passed, would come into effect until 1 January 2013.

  • Russian visitors boost Finland’s retail and services sectors

    In 2010 Russian visitors spent almost EUR 260 million in the South Carelia region in eastern Finland.

    Shopping and tourism trips by Russians are making a significant contribution to Finland’s retail and services sectors. Already 15% of the retail trade in the towns of Lappeenranta and Imatra comes from Russian nationals, and the trend is growing. A third of the hotel business in Imatra comes from Russian visitors.

  • Commission launches a campaign on resource efficiency

    Warsaw, 17 October 2011 – Today saw the launch of "Generation Awake. Your choices make a world of difference!" an EU campaign designed to encourage consumers to make resource efficiency habit. The campaign was unveiled in Poland by European Environment Commissioner Janez Potočnik and Polish Environment Minister Andrzej Kraszewski. Its aim is to raise awareness about the need to use scarce natural resources wisely, and to encourage citizens to think about their impact on the planet when making purchasing decisions.

  • Social Summit: EU working towards solutions for a job-rich, sustainable recovery

    Brussels, 17 October 2011- In preparation for the summit of Heads of State and Government planned for October 23rd, the President of the European Commission, José Manuel Barroso, the EU Commissioner responsible for Employment, Social Affairs and Inclusion, László Andor, the President of the European Council, Herman Van Rompuy and the Deputy Prime Minister of Poland Waldemar Pawlak met European workers' and employers' representatives at the bi-annual Tripartite Social Summit.

  • Four Finnish cleantech companies among Later Stage Award TOP 30 Finalists

    The Finnish companies  Chempolis, Beneq, Moventas and Akkuser  have been selected among the Global Cleantech Cluster Association’s (GCCA) Later Stage Award TOP 30 Finalists.  GCCA represents the most innovative technology companies in the world. The finalists were selected from 4000 companies Asia, America and Europe. They will now be judged by 28 cleantech venture capitalists, investors and serial entrepreneurs who collectively manage $3.5 billion in clean technology investment.

  • €1.5 million from EU Globalisation Fund to help 726 workers in the Portuguese motor industry

    Brussels, 14 October 2011 - The European Commission has approved an application from Portugal for assistance from the European Globalisation adjustment Fund (EGF). The application concerns 726 workers made redundant by three companies operating in the car sector in the regions Norte and Centro, in Portugal. The EGF funding of € 1.5 million requested by the Portuguese authorities will help the redundant workers back into employment. The Commission is now making a proposal to the European Parliament and the Council to make the necessary funding available.

  • Competition: EU and US celebrate 20 years of cooperation; agree to advance cooperation further

    Brussels, 14 October 2011 - The competition authorities of the European Union and of the United States have agreed to further strengthen cooperation on mergers investigated in both jurisdictions, as they celebrate 20 years of successful cooperation in the area of competition policy. The announcement follows the annual top-level meeting between the European Commission and the US Antitrust Division of the Department of Justice and the Federal Trade Commission.

  • Mergers: Commission clears CVC's purchase of a controlling stake in fitness centre operator Virgin Active Group

    Brussels, 14 October 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of a controlling stake in Virgin Active Group, a UK-based operator of health and fitness centres, by investment group CVC of Luxembourg. The company is currently controlled by Virgin Group Holdings, which will share control with CVC once the operation is concluded.

  • EIB finance for VW Argentina

    The European Investment Bank (EIB) is providing EUR 76.4 million to VW Argentina, S.A. to finance the modernisation and expansion of the company’s Córdoba plant. The finance contract was signed by EIB Vice-President Magdalena Álvarez and Volkswagen Argentina’s CEO, Dr. Viktor Klima.

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